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Adani Enterprises Share: Adani Enterprises in the club of top 10 companies due to the rise in the stock

Adani Enterprises Share Price: Adani Enterprises, the flagship company of Gautam Adani’s Adani Group, has joined the club of top 10 companies in the country. Adani Enterprises Share Price has gained close to 20 percent in the last one week. After which the company has joined the list of top 10 companies in the country in terms of market cap, leaving behind giants like ITC, Bajaj Finance.

Shares of Adani Enterprises closed at Rs 3961.15 on Monday, after which the company’s market cap has reached Rs 4.51 lakh crore. Housing finance company HDFC (HDFC) with a market cap of Rs 4.55 lakh crore is just a short distance away from Adani Enterprises. So the market cap of Bharti Airtel is Rs 4.57 lakh crore.

The stock of Adani Enterprises has gained more than 20 percent in the last 8 trading sessions. The stock was trading at Rs 3136 on October 17, 2022. From there the stock has gained more than 26 percent. The reason for the rise in the stock is also the great result. A year ago the stock of Adani Enterprises was trading at Rs 1700. That is, in the last one year, the stock has given a return of more than 130 percent to its investors.

Adani Enterprises doubled to Rs 461 crore in the second quarter during July-September. The company’s revenue has been Rs 38,175 crore. Even after this rally in the stock, many brokerage houses are still bullish about the stock. At the same time, it is believed that after joining Nifty, the trend of investors regarding the share of Adani Enterprises has increased, due to which the stock has increased.

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